MetaDAO update 11–17

I. Technological Progress

• The UI and front-end redesign is expected to launch in UTC 2020.11.27, DeFi is a future, the updated version will be more in line with future landing scenarios;
• We note that the current billboard turnover is slower than the blockchain because of the delay in acquiring blockchain data, and we have updated the data to ensure that our fast-growing turnover is displayed correctly on the Front End; Because the contract is 100% decentralized, your assets will not suffer any loss due to the front-end display delay.
• The mine pool contract has been known to Chuangyu by well-known security companies to complete the audit, related audit reports have been published

English report link:

https://metapool.finance/MFItokenreport.pdf

https://metapool.finance/MFIautoreport.pdf

Chinese report link:

https://metapool.finance/MFItokenreportcn.pdf

https://metapool.finance/MFIautoreportcn.pdf

• We will complete the UNISWAP liquidity injection by 25 November

1. To ensure adequate liquidity, we will provide liquidity to the bottom pool by engaging with early community participants;
2. Inject the first big chunk of liquidity before 2020–11–2500:00 UTC, allowing users to trade freely;
3. When liquidity is insufficient, MFI price will produce the violent fluctuation, asks you to pay attention to the risk;
4. You can also participate in providing liquidity when it is available, ensuring that you get Mfi: Eth LP at a lower cost, which gives you a head start when Pool 2 opens

• Pool 2 will implement a 5 per cent buy-back destruction before mining opens;
• Pool 2 mining contracts are being audited and the technical community has been instrumental in ensuring the safety of the contracts;
• Dao Governance is about to open up, and communities are developing appropriate governance and incentives to ensure that effective governance at Metadao can help us become the greatest community in the world.
• We are trying to build the MetaChain on Kusama, which will help us to link more valid assets through Polkadot in the future.

II. Progress of the community

• Community Data

Twitter number: 1,125

Telegram number: 5,674

MEDIUM UPDATE: 15

Mfi Burn Count: 4,748

• The community will set up a governance fund to help communities that are willing to pay for Meta get the rewards they deserve, and the program will move forward as soon as possible.
• MetaPool Finance was reported by the BBC, Bloomberg, and Yahoo. At the same time, MFI global evangelization began, and many countries began to report on MetaPool Finance, including New York, Canada, Russia, Germany, Denmark, Switzerland, Austria, Czech Republic, Poland, Spain, Africa and many other countries, overseas heat continues to rise.

BBC Network News http://ebbcnews.com/info/KNOWNSEC-code-security-audit-of-MetaPool-Finance-20111639715.html

American news network, http://usatnews.com/info/KNOWNSEC-code-security-audit-of-MetaPool-Finance-20111639715.html

Startup Weekly, http://bilitime.com/info/KNOWNSEC-code-security-audit-of-MetaPool-Finance-20111639715.html

Bloomberg Digital Journal,http://bloombergcorp.com/info/KNOWNSEC-code-security-audit-of-MetaPool-Finance-20111639715.html

Yahoo Perspective,http://yahoosee.com/info/KNOWNSEC-code-security-audit-of-MetaPool-Finance-20111639715.html

New York City Morning Post,http://nycmorning.com/info/KNOWNSEC-code-security-audit-of-MetaPool-Finance-20111639715.html

Canadian times substation,http://catimes.org/info/KNOWNSEC-code-security-audit-of-MetaPool-Finance-20111639715.html

Nanyang daily,http://nanyangdaily.com/info/KNOWNSEC-code-security-audit-of-MetaPool-Finance-20111639715.html

Asia Dollar Exchange,http://tacutrader.com/info/KNOWNSEC-code-security-audit-of-MetaPool-Finance-20111639715.html

Russians News,http://russiansnews.com/info/KNOWNSEC-code-security-audit-of-MetaPool-Finance-20111639715.html

Afric Daily,http://africdaily.com/info/KNOWNSEC-code-security-audit-of-MetaPool-Finance-20111639715.html

Der Tagesspiegel, http://dertagesspiegel.com/info/KNOWNSEC-code-security-audit-of-MetaPool-Finance-20111639715.html

Dagbladet Information, http://dagbladetinformation.com/info/KNOWNSEC-code-security-audit-of-MetaPool-Finance-20111639715.html

Swiss Weekly, http://swissweekly.com/info/KNOWNSEC-code-security-audit-of-MetaPool-Finance-20111639715.html

The Budapest Times,http://thebudapesttimes.com/info/KNOWNSEC-code-security-audit-of-MetaPool-Finance-20111639715.html

Luxemburger Wort,http://luxemburgerwort.com/info/KNOWNSEC-code-security-audit-of-MetaPool-Finance-20111639715.html

Narodni List,http://narodnilist.com/info/KNOWNSEC-code-security-audit-of-MetaPool-Finance-20111639715.html

Raido Wien,http://raidowien.com/info/KNOWNSEC-code-security-audit-of-MetaPool-Finance-20111639715.html

Austria Weekly,http://austriaweekly.com/info/KNOWNSEC-code-security-audit-of-MetaPool-Finance-20111639715.html

Mlada frontadnes,http://mladafrontadnes.com/info/KNOWNSEC-code-security-audit-of-MetaPool-Finance-20111639715.html

Bergen Tidene,http://bergentidene.com/info/KNOWNSEC-code-security-audit-of-MetaPool-Finance-20111639715.html

The Warsaw Voice,http://thewarsawvoice.com/info/KNOWNSEC-code-security-audit-of-MetaPool-Finance-20111639715.html

Espana Daily,http://espanadaily.com/info/KNOWNSEC-code-security-audit-of-MetaPool-Finance-20111639715.html

III. Progress of research on Eth Machine Gun Pool Strategy

As the ETH pool accumulates, the community continues to research the latest machine gun pool strategy to maximize revenue and provide the most solid value support for the product and MFI. In the future, all policy implementations will be announced and community users will vote for policy implementations.

• The high yield machine gun pool is Wepiggy, Wepiigy was incubated by YFII, and its ETH machine gun pool proceeds to perform logic

1. To Obtain Ceth at Compound deposit, to obtain the loan proceeds; to obtain the high yield of WPC at wepiggy deposit, Ceth
2. Save Eth in AAVE for aETH and get the proceeds from the loan; save aETH in Wepiggy and get the high proceeds from the WPC
3. WPC is a prime mine, with an expected annualization of 30–40 per cent

• ETH2.0’s staking yields an annualised maximum of 20.5 per cent, pledging ETH to header providers such as Wanxiang’s Hashquark.io
• Research on the strategy of Synthetix (Url) and FNX (https://finnexus.io/)

1. There are two levels of utilization for the SNX asset synthesis platform

• To combine the ETH mortgage into a new asset
• The mortgaged ETH may also be exchanged for assets within SNX
• Participation fee bonus

1. SNX support for options subject of decentralized option platform FNX

• Pricing model based on market IV + written into contract BS model
• Using an AMM pool model similar to UNISWAP
• In the contract, the Adjustment Coefficient of the structure balance of the option type is introduced to ensure the balance of the pool risk and reduce the risk of the option strategy